You receive a 3 percent raise in your salary. The inflation rate is 4 percent. The purchasing power of your salary has
A. decreased by 11 percent.
B. increased by 1 percent.
C. increased by 11 percent.
D. decreased by 1 percent.
Answer: D
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Who has regulatory responsibility when a bank operates branches in many countries?
A) It is not always clear. B) the WTO C) the U.S. Federal Reserve System D) the first country to submit an application
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A) last-move strategy. B) losing strategy. C) player's best strategy when he can make the first move. D) player's best strategy regardless whatever strategies are adopted by his rivals.
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